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17/
IV. Senate Resolu-
tions Nos. 4 to 6.
V. Paragraph 12.
VI. Paragraph 14.
VII. Paragraph 16.
findings; and
(b) With reference to paragraph 73
of the Committee's Report and the
Senate's Resolution thereon, whilst
this Council agrees that the wording
of the second part of the paragraph,
taken by itself and not in conjunction
with the preceding two paragraphs of
the Report, might convey an impression derogatory to the professional status
of the Professors of the University,
this Council is satisfied that such
an impression was utterly unintended
by the Committee.
Resolved that no action was necessary.
The Court proceeded to consider, section
by section, the resolutions of the
Council on certain paragraphs of the University (1937) Committee's Report.
Resolved (nem. con) that the investment
of University funds in mortgages in
Hong Kong and in Shanghai is not
satisfactory.
Resolved (nem. con) that Budget provision
as a reserve against depreciation charges is necessary and should be a first charge on any surplus of income over expenditure. Resolved (nem. con) that the present scale
of house allowance paid to men living off
the University estate is not too high in
comparison with the cost of provision